Alton, IL Multifamily Properties for Sale

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Godfrey, IL East Alton, IL Wood River, IL Cottage Hills, IL Bethalto, IL Roxana, IL Florissant, MO Hartford, IL

19 properties

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Updated: Mar 31

Gutted Duplex Ready for Redevelopment

427 E 4th Street, Alton, IL 62002

$200,000

2,275 sqft 0.22 AC lot

Gutted duplex building ready for redevelopment
0.22‑acre lot with brick construction
Built in 1940
Natural gas forced‑air heating and gas water heater
Wall/window and window unit cooling

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This listing looks promising.

Here's a quick look at some key insights for

427 E 4th Street, Alton, IL 62002

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Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$17K
Annual
Price @ 7% Cap

$239K
Above asking
Property Type

Triplex
Built 1910

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Updated: Mar 7

Two-Story Multifamily Building

1011 State Street, Alton, IL 62002

$225,000

3,826 sqft 0.21 AC lot

Five apartments: one efficiency, two one‑bedroom, and two two‑bedroom units
Total building size 3,826 SF on a 0.2066‑acre lot
Built in 1963
Natural gas forced‑air heating; gas water heater
Wall/window and window unit(s) cooling

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Corner Apartment Building with 14 Units

2705 College Avenue, Alton, IL 62002

$980,000

0.33 AC lot

Corner, two-building multifamily with coin laundry and open parking lot on a 0.33-acre site.

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Three-Unit Apartment Building

2713 College Ave, Alton, IL 62002

$209,000

2,140 sqft

Unit mix includes one two-bedroom apartment and two one-bedroom apartments.

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Mixed-Use Building with Four Apartments

119 W 3rd Street, Alton, IL 62002

$699,000

0.06 AC lot

Downtown mixed-use building with restaurant and bar, fenced patio, and four residential apartments.

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Three-Unit Rental Triplex with New Roof

2713 College Avenue, Alton, IL 62002

$209,000

2,140 sqft 0.17 AC lot

Triplex with one two-bedroom and two one-bedroom units, with a new roof installed in 2023.

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Four-Unit Quadplex Apartment Building

1238 Brown Street, Alton, IL 62002

$165,000

2,442 sqft 0.18 AC lot

Well-maintained quadplex with four 1-bedroom units and one currently vacant apartment for immediate leasing or owner-occupancy.

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Historic 4-Unit Quadplex

617 State Street, Alton, IL 62002

$495,000

Furnished accommodations feature individual kitchens, included appliances, and a private lower-level suite with courtyard access.

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Duplex With Two Separate Living Units

821 Alby Street, Alton, IL 62002

$135,000

3,258 sqft 0.22 AC lot

Two-unit duplex on public water with forced-air heat and wood siding, built in 1891.

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Four-Unit Quadplex with Central Air

723 Alby Street, Alton, IL 62002

$59,900

1,709 sqft 0.17 AC lot

Four efficiency apartments feature forced-air heating, central air, and public water service.

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Mixed-Use Building with Renovated Units

2356 State Street, Alton, IL 62002

$225,000

Four-unit property combines renovated apartments and commercial suites with shared laundry, storage, parking, and building-wide fire protection.

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Historic Four-Unit Guest House

617 State Street, Alton, IL 62002

$495,000

0.21 AC lot

Built in 1861, this brick guest house is configured as four units with kitchens, central air, and fireplaces.

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4-Unit Quadplex with 1-Bed Units

612 Mechanic Street, Alton, IL 62002

$139,000

1,594 sqft 0.17 AC lot

4-unit quadplex on a 0.1653-acre lot, built in 1901, with forced-air heating and window cooling.

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Four-Unit Efficiency Quadplex

723 Alby Street, Alton, IL 62002

$59,900

The property contains efficiency-style residential units in a multi-unit configuration.

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Duplex with Two One-Bedroom Units

3208 Batson Drive, Alton, IL 62002

$98,500

1,072 sqft 0.12 AC lot

Duplex with two one-bedroom apartments, each with a one-year lease, plus a two-car detached garage.

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Duplex with Off-Street Parking

504 MARSH Avenue, Alton, IL 62002

$119,000

Two-bedroom duplex built in 2001 with newer HVAC, new water heater, and roof shingles.

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Fully Rented Townhome Investment

612-30 Washington, Alton, IL 62002

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0.60 AC lot

Ten townhomes, fully rented, with recent significant renovations.

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Multifamily Apartment Building with Parking

614 Washington Avenue, Alton, IL 62002

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Ten-unit apartment building in Alton with off-street lighted parking and fully occupied units.

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Brick Multifamily Apartment Community

1003 Washington Avenue, Alton, IL 62002

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Well-maintained 23-unit brick property with one- and two-bedroom apartments, including five townhouse-style units.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Alton, IL, we suggest to view alternatives - similar 25 Off-Market properties to explore as potential leads.

Off-Market Properties in Alton, IL

Consider similar Off-Market properties in Alton, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

2500 Donald Ave, Alton, IL 62002-2817

$245,000

Estimated value

2,485 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

310 Ml St, Alton, IL 62002-6130

$410,000

Estimated value

2,690 sqft 0.40 AC lot

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APARTMENT HOUSE (5+ UNITS)

635 5th St, Alton, IL 62002-2679

$270,000

Estimated value

1,024 sqft 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

418 3rd St, Alton, IL 62002-2411

$280,000

Estimated value

4,867 sqft 0.17 AC lot

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APARTMENT HOUSE (5+ UNITS)

319 3rd St, Alton, IL 62002-2407

$230,000

Estimated value

1,120 sqft 0.19 AC lot

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Alton, IL Multifamily Properties Market Trends and Statistics

Explore 44 multifamily properties for sale in Alton, IL, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 20,456 square feet of properties for sale, with an estimated market value of $4,513,300.

Sale prices for multifamily properties in Alton, IL start at $59,900, averaging $282,081, and reaching up to $980,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 30K

Population Growth (5Y) -3.3%

Median Household Income $57,851

College Educated 32.2%

High-Yield Neighborhoods for Investment

Identify Alton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62002	$315.5K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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